Autodesk shares tumble on downgrade

BenjaminPimentel

SAN FRANCISCO (MarketWatch) -- Shares of Autodesk Inc.
ADSK, -0.50%
tumbled more than 4% Friday morning, as a Jefferies & Company analyst downgraded the stock to hold from buy, citing signs of weakening growth in Europe. Analyst Ross MacMillan pointed to "indications that the pace of improvement is moderating driven by early signs of deceleration in Europe."

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